Futures
Hundreds of contracts settled in USDT or BTC
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
#CryptoMarketPullback #CryptoMarketPullback
Crypto Alarm – $184 Billion Disappeared in One Day!
A historic crash is happening in the crypto market. $184 billion evaporated in a single day. Investor panic is spreading to global markets, and the fear index has reached record levels.
Over the past 24 hours, global markets experienced sharp declines. Cryptocurrencies led this wave of sell-offs.
The total crypto market capitalization shrank by 7%, and $184 billion vanished in one day.
As investor confidence rapidly declines, selling pressure continues to increase. Trillions of dollars have been lost across all asset classes.
Heavy Losses and Liquidations in the Crypto Market
Bitcoin fell nearly 8%, wiping out $120 billion from its market value. Ethereum declined over 30% from its recent highs.
In the last eight days, Bitcoin lost $20,000 in value, and Ethereum dropped about $1,000. At the time of writing, Bitcoin fell below $70,000.
Forced liquidations accelerated the decline. Over $830 million worth of positions were liquidated in the past 24 hours.
Last week, total liquidations exceeded $6.7 billion. Analysts say the decline reflects an aggressive deleveraging process triggered by the unwinding of risky positions.
You Might Be Interested: Coins That Will 1000x – Newly Launched Coin Projects
The Selling Wave Was Not Limited to Crypto
Markets outside digital assets also experienced losses,
Gold fell 5.5%, losing $1.9 trillion in value.
Silver declined 19%, wiping out nearly $1 trillion.
The S&P 500 index decreased by 1%.
While Nasdaq dropped 2.5%, small-cap stocks also weakened.
Almost $5 trillion in value evaporated from global markets in a short period.
What’s important is that there is no single major negative news triggering this decline.